The document provides a technical analysis and recommendation for the stock BHARATGEAR. It summarizes that: 1) On longer time frames, the stock has formed a strong positive pattern indicating a strong base. 2) The stock has retested and taken support from an earlier resistance line, representing a change in polarity. 3) On shorter time frames, the stock has breached above a consolidation phase. 4) Momentum indicators show the stock moving above its average line, representing a positive crossover. 5) Based on the analysis, further upward movement of the stock is expected toward a target price of 112.

1. Buy BHARATGEAR in Cash @ 102.40 SL 98 TGT 112
30th Dec , 2016
SEBI Registered – Research Analyst WWW.CHOICEBROKING.IN *Please Refer Disclaimer On Website
 On a larger time frame stock has formed very
strong positive pattern which shows strong
base for stock.
 Stock has retested its earlier resistance line
and took support over there. Technically it is
known as change of polarity.
 On lower time frame stock has breached its
consolidation phase on higher side.
 Momentum oscillator RSI has moved above
its average line which shows positive
crossover.
 Based on aforementioned rational further
movement can be expected upto 112 level.

2. www.choicebroking.incustomercare@choiceindia.com
Research Team
Mr. Sumeet Bagadia Associate Director
Kunal Parmar Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Kapil Shah Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
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POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock /
Instrument (s): - No.
Kapil Shah
Digitally signed by Kapil Shah
DN: cn=Kapil Shah, o=Choice Equity Pvt Ltd,
ou=Research Team,
email=kapil.shah@choiceindia.com, c=US
Date: 2016.12.30 15:15:31 +05'30'